HomiEx has anticipated huge market volatility for the past 24 hours. HomiEx will conduct a merger of ETF shares without affecting users' experience.
As the net value of BCH3S & XRP3S & EOS3S & XTZ3S have fallen below or close to 0.050 USDT, HomiEx shares merger mechanism was activated.
We will conduct the said merge of BCH3S & XRP3S & EOS3S & XTZ3S ETF shares at 15:00, May 6, 2021 (UTC+8). This will affect the number of ETF positions and its unit net value but the total value of position will not change. The net value of the position may fluctuate during the shares merger period.
The specific rules are as follows:
1) The ratio of BCH3S & XRP3S & EOS3S & XTZ3S shares merger is 20:1. Users' holding will be reduced by 1/20 based on the last available amount while the net value per unit will increase by 20 times;
2) Before the shares merger, trading of BCH3S & XRP3S & EOS3S & XTZ3S will be suspended and all pending orders will be cancelled;
3) Trading of BCH3S & XRP3S & EOS3S & XTZ3S will resume after the shares merger is completed. Please note that when trading resumes, the market price may change significantly based on the new net value of the unit. Please be cautious of any price changes while placing an order;
4) After the shares are merged, K-line may change due to price changes.
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Risk Warning: Investing in cryptocurrency is akin to be a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. HomiEx attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. HomiEx is not liable for investment gains or losses.